What are the hallmarks of a middle class lifestyle? And how much does a household residing in Toronto have to earn to be considered middle class? First, let’s define “Toronto”. “Toronto” means the City of Toronto. I’m not including the satellite cities in the Greater Toronto Area such as Mississauga, Oakville, Brampton, etc. This is for the sake of simplicity in discussing the subject at hand. Also, when people arrive in the GTA from other parts of Canada or internationally, they aspire to actually live in Toronto itself. Second, let’s define “household”. For ease of exposition, we’re going to define this as two spouses and one child. With this in…